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Bitcoin Mining Firm Hut 8 Lays Off More Employees

Hut 8, a Canadian Bitcoin mining firm has laid off more employees, citing poor revenue figures due to the prolonged cryptocurrency bear market of 2018. The Canadian Broadcasting Corporation (CBC) reports that it is the second round of staff cuts, following layoffs earlier in January 2019, as the company reportedly attempts to streamline its operationsRead MoreRead More. дальше »

2019-4-7 15:00


Elon Musk: SEC Chaos Might Allow Tesla CEO to Work on Less ‘Boring Projects

If Elon Musk was busy last week, he’s swamped this week. The workaholic Tesla boss has his hands full at the best of times overseeing one of the world’s most valuable car companies (Tesla), a ground-breaking private space exploration enterprise (Space X) and his lesser-known but equally interesting public-transit company (The Boring Company). дальше »

2019-3-14 04:55


SpaceX Layoffs Were Caused by ‘Absolutely Insane’ Projects, Admits Elon Musk

There aren’t many CEOs who can blame company layoffs on interplanetary space crafts and Space-based Internet. But then, there aren’t many CEOs like Elon Musk. During an investor call for Tesla on Wednesday, Musk argued that the SpaceX layoffs were completely different and due to his company’s ‘absolutely insane’ projects. дальше »

2019-2-2 16:23


NEM Foundation Plans Layoffs Impacting Entire Staff as Budget Cuts and Restructuring Take Over

The NEM Foundation is primarily known for their work on the NEM blockchain, functioning as a nonprofit organization that is supported by their online community. However, it seems that their funding is not enough to keep the company going in its current state, leading to massive layoffs and budget cuts. Reports suggest these widespread efforts […] дальше »

2019-1-31 18:06


ConsenSys Job Cuts Did Not Exceed 10% Of Its Employees And Kept Core Developers Intact

A few weeks ago, a report spread on the internet regarding ConsenSys firing between 40% and 60% of the company’s staff after the bear market that affected the industry during 2018. However, the recent layoffs at the blockchain software company do not exceed 10 percent of the staff. This is according to the company’s Executive […] дальше »

2019-1-22 14:13


Crypto VC Suggests Bitcoin Cash and Litecoin Could Be Ruined Thanks To Bitmain Layoffs

Bitmain, the Chinese mining hardware manufacturer who recently applied for listing on the Hong Kong Stock Exchange, has laid off around half of their employees, the company confirmed in a statement: “There has been some adjustment to our staff this year as we continue to build a long-term, sustainable and scalable business. дальше »

2018-12-28 00:05


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Bitmain Reportedly Will Sack More Than Half of Workforce

The Chinese crypto mining company Bitmain has apparently been hit hard by the bear market and is looking to sack more than half of their entire workforce. Credible rumors of this story first began to circulate on Maimai, China’s equivalent to LinkedIn, as anonymous sources on a site frequently used by Bitmain employees began reporting that the company was looking at massive layoffs in the next several days. дальше »

2018-12-29 21:20


Фото:

Bitmain Reportedly Will Sack Up to 85 Percent of Workforce

The Chinese crypto mining company Bitmain has apparently been hit hard by the bear market and is looking to sack more than half of their entire workforce. Credible rumors of this story first began to circulate on Maimai, China’s equivalent to LinkedIn, as anonymous sources on a site frequently used by Bitmain employees began reporting that the company was looking at massive layoffs in the next several days. дальше »

2018-12-27 21:20


Фото:

Ethereum Studio Consensys’ Wild Ideas and Squandered Funds Led to Major Layoffs

Ethereum incubator Consensys is to cut 50 to 60 percent of its employees. The blockchain software company has already laid off 13 percent of its workforce in order to survive the bear market. According to one source, lack of product, wild ideas and an inability to sell technologies has made Consensys’ position financially precarious. дальше »

2018-12-21 13:45


Фото:

What we know about the ConsenSys layoffs, as told by a ‘fired’ employee

ConsenSys, the blockchain behemoth powering a swathe of Ethereum-related software, is letting 13 percent of its staff go in a bid to retain a sense of viability. The company confirmed what many believed would be inevitable: the exponential growth enjoyed by Joseph Lubin’s decentralized business experiment can’t, and won’t, go on forever. дальше »

2018-12-7 17:43